Feintool International Holding AG (FEIOF)
- GlobeNewswire
Feintool wins important contract in Europe’s hydrogen industry
The company is tasked with the production of high-precision metal components for fuel cells and electrolyzers. This successfully marks Feintool’s entry into the European market, following the company’s nomination in China by a leading market player. The contract, which was awarded by a renowned European company specializing in fuel cells and electrolysers, involves the series supply of several components, including high-precision flow field plates. Initially, the order volume is expected to reac
- GlobeNewswire
Improved profitability, success in growth markets
Ad hoc announcement pursuant to Art. 53 LR Feintool has reinforced its global market position as a leading supplier of high-volume precision parts, reporting group-wide sales of CHF 847.7 million and an EBIT of CHF 29.9 million (margin 3.5 %) for 2023. Business remained robust in the USA and Asia. Feintool achieved success in the markets of hydrogen and battery-powered mobility. With the planned factory in India, the group is entering an important growth market. Martin Klöti will be proposed as
- GlobeNewswire
New production site: Feintool continues success story in Asia with plant in India
With the founding of "Feintool System Parts India Pvt Ltd" and a new production site in the metropolitan region of Pune, Feintool is consolidating its strategic position as an important supplier of high-precision parts in Asian automotive production. With an initial investment of CHF 15 million, Feintool is moving closer to long-standing customers who already produce in the region. "Feintool System Parts India Pvt Ltd" is establishing its presence in a promising market and reducing its CO2 footp
